Improved efficiency will be the focus of investments in the region, Frost says, while efforts will be made to generate at competitive rates.
Historically, the main challenge in the Central and Eastern Europe steam and gas turbines market has been the lack of investment funds. The situation has changed dramatically in recent years as most countries in the region have become members of the European Union, electricity prices have increased and the investment banking system has showed significant improvement.
“The market for steam and gas turbines in Central and Eastern Europe is at a mature stage. However, it is expected to grow dynamically in the immediate future,” states Frost & Sullivan research analyst Lukasz Stepien. “The rising demand for electricity, coupled with the pressing need to replace power plant equipment, will drive the regional market and generate investment opportunities.”
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